Are you drained from robbing Peter to pay Paul to make your insurance payment? Your situation is no different than many other people in Oklahoma.
We don’t have to point out that fact that car insurance companies don’t want you shop around. Consumers who rate shop once a year are very likely to move their business because there are good odds of getting low-cost coverage. A recent survey revealed that people who make a habit of shopping around saved as much as $3,500 over four years compared to other drivers who never compared other company’s rates.
If finding the cheapest price on Acura RDX insurance is why you’re here, then understanding the best way to compare insurance rates can help simplify the task of finding more affordable coverage. There are many car insurance companies to purchase coverage from, and although it’s nice to be able to choose, it can be more challenging to get the best deal for Acura RDX insurance in Tulsa.
It’s smart to quote other rates on a regular basis due to the fact that insurance prices tend to go up over time. Just because you had the best deal on Acura RDX insurance in Tulsa six months ago there may be better deals available now. There is too much inaccurate information about RDX insurance online but we’re going to give you a bunch of ideas how to find cheap insurance in Tulsa.
Choosing the best rates in Tulsa can initially seem challenging. If you are already insured or just want to save money, you can learn to save money without reducing coverage. Drivers only have to learn the best way to compare rates over the internet.
Informed Consumers Can Lower Insurance Rates
Many factors are used in the calculation when you get your auto insurance bill. Some are obvious like your driving record, although others are not as apparent such as your credit history or your commute time. One of the most helpful ways to save on auto insurance is to to have a grasp of the rating factors that go into determining the level of your policy premiums. When you know what positively or negatively impacts premium levels, this helps enable you to make changes that could result in much lower annual insurance costs.
The following are most of the major factors that factor into your prices.
Add-on coverages can add up – There are a ton of extra bells and whistles you can purchase when buying auto insurance. Insurance for things like coverage for rental cars, accidental death, and extra equipment coverage could be just wasting money. These may sound like a good investment when you first buy your policy, but if they’re wasting money eliminate them to save money.
Getting married can lower premiums – Being married may save some money on your auto insurance bill. Having a spouse demonstrates that you tend to be more stable financially and statistics prove drivers who are married file infrequent claims.
Know your credit score – Your credit history factor in determining what you pay. Drivers with excellent credit tend to be better drivers and file fewer claims than drivers who have lower credit scores. So if your credit score can use some improvement, you may save money insuring your Acura RDX if you improve your credit rating.
Cheaper prices with safer cars – Safer cars tend to have lower insurance rates. The safest vehicles have better occupant injury protection and lower rates of occupant injuries means lower claim amounts and thus lower rates.
Cheaper to insure women? – Over time, data shows that men are more aggressive behind the wheel. The data does not necessarily mean that males are worse at driving than females. Men and women have fender benders in similar numbers, but the male of the species get into accidents with more damage. Not only that, but men also get higher numbers of serious violations like reckless driving and DUI. Male teenagers have the highest risk to insure and therefore pay the highest rates.
The illustration below shows the comparison of Acura RDX insurance premiums for male and female drivers. The costs are based on no accidents or driving violations, full physical damage coverage, $250 deductibles, marital status is single, and no discounts are applied.
Do you work long hours in a demanding job? – Do you work in a high-stress field? Jobs such as judges, air traffic controllers, and financial analysts generally pay the highest average rates in part from job stress and incredibly demanding work hours. Conversely, careers such as farmers, athletes and the unemployed generally pay rates lower than average.
Cheaper rates by bundling – The majority of insurance companies apply discounts to customers who consolidate policies with them such as combining an auto and homeowners policy. Even with this discount applied, it’s in your best interest to shop around to help guarantee you have the best rates. You may still save even more even if you have your coverage with different companies
Big cities mean more claims – Being located in a small town is a good thing if you are looking for the lowest rates. Fewer drivers means reduced accidents and also fewer theft and vandalism claims. People in densely populated areas have more aggressive driving styles and more severe claims. Longer commute distances means a statistically higher chance of an accident.
Insurance losses for an Acura RDX – Insurers analyze historical claim data when setting rates for each model. Models that the data shows to have higher claim amounts or frequency will have increased rates.
The table below illustrates the insurance loss data used by companies for Acura RDX vehicles. For each policy coverage type, the claim amount for all vehicles compiled together is equal to 100. Numbers that are below 100 suggest a better than average loss history, while values over 100 point to more losses or an increased likelihood of larger losses.
|Specific Acura Model||Collision||Property Damage||Comp||Personal Injury||Medical Payment||Bodily Injury|
|Acura RDX 4dr 2WD||64||75||57||67||67||71|
|Acura RDX 4dr 4WD||68||79||79||68||66||60|
Data Source: Insurance Institute for Highway Safety for 2013-2015 Model Years
Acura RDX coverage analysis
The data table displayed below outlines different policy rates for Acura RDX models. Learning as much as possible about how car insurance prices are established can help drivers make smart choices when comparing insurance quotes.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|RDX Technology Package 2WD||$268||$532||$514||$30||$154||$1,498||$125|
|RDX Technology Package AWD||$268||$532||$514||$30||$154||$1,498||$125|
|Get Your Own Custom Quote Go|
Premium data assumes single female driver age 30, no speeding tickets, no at-fault accidents, $1000 deductibles, and Oklahoma minimum liability limits. Discounts applied include claim-free, multi-vehicle, safe-driver, multi-policy, and homeowner. Price information does not factor in vehicle garaging location which can increase or decrease auto insurance rates considerably.
How accidents and violations affect rates
The illustration below shows how speeding tickets and at-fault claims can affect Acura RDX auto insurance costs for different age groups. Data assumes a single female driver, comp and collision included, $100 deductibles, and no policy discounts are applied.
Comparison of full coverage and liability-only policies
The illustration below illustrates the difference between Acura RDX car insurance costs with and without physical damage coverage, medical payments, and uninsured/under-insured motorist coverage. The prices are based on no violations or accidents, $100 deductibles, marital status is single, and no discounts are applied to the premium.
When to drop full coverage
There is no clear-cut rule that works best for making the decision to drop full coverage on your policy, but there is a general school of thought. If the annual cost of having full coverage is about 10% or more of replacement cost minus your deductible, then it’s probably a good time to buy liability coverage only.
For example, let’s say your Acura RDX replacement value is $3,000 and you have $1,000 policy deductibles. If your vehicle is damaged in an accident, the most your company will settle for is $2,000 after paying the physical damage deductible. If you are paying over $200 annually for full coverage, then you may need to consider dropping full coverage.
There are some scenarios where buying only liability insurance is not a good idea. If you have an outstanding loan on your vehicle, you have to carry full coverage in order to prevent the bank from purchasing higher-priced coverage. Also, if your finances do not allow you to purchase a different vehicle if your current one is damaged, you should not buy liability only.
Discounts for lower-cost auto insurance rates
Buying auto insurance is not cheap, but there are discounts available to help offset the cost. Certain reductions will be credited when you purchase, but some discounts are required to be specially asked for in order for you to get them.
- College Student – Children who live away from home at college and do not have a car can be insured at a reduced rate.
- Life Insurance – Select insurance carriers reward you with a discounted price on car insurance if you buy life insurance from them.
- One Accident Forgiven – Not a discount per se, but companies like GEICO, State Farm, and Progressive will turn a blind eye to one accident before raising your premiums if you have no claims prior to being involved in the accident.
- Seat Belts Save more than Lives – Using a seat belt and requiring all passengers to use a seat belt could cut 10% or more on the premium charged for medical payments and/or PIP.
- Theft Deterrent – Cars, trucks, and SUVs with anti-theft systems have a lower chance of being stolen and earn discounts up to 10% off your Tulsa car insurance quote.
- Discounts for Government Workers – Employees or retirees of the government may reduce rates when you quote Tulsa car insurance with some auto insurance companies.
- Student Discount for Driver Training – It’s a good idea to have your young drivers take driver’s ed class as it can save substantially.
Don’t be shocked that most discount credits are not given to the entire policy premium. Most only apply to the price of certain insurance coverages like comprehensive or collision. Even though it appears it’s possible to get free car insurance, nobody gets a free ride.
The information below illustrates the difference between Acura RDX insurance costs with and without discounts. The rate quotes are based on a female driver, no violations or claims, Oklahoma state minimum liability limits, comprehensive and collision coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with safe-driver, multi-car, marriage, multi-policy, homeowner, and claim-free discounts applied.
If you would like to choose from a list of auto insurance companies offering auto insurance discounts in Oklahoma, click here.
Compare but don’t skimp
As you shop your coverage around, it’s a bad idea to skimp on critical coverages to save a buck or two. There have been many cases where an insured dropped full coverage only to find out that the savings was not a smart move. Your objective should be to get the best coverage possible at the best price.
We just showed you quite a bit of information on how to save on Acura RDX insurance in Tulsa. The key thing to remember is the more price quotes you have, the better chance you’ll have of finding the cheapest Acura RDX rate quotes. Consumers could even find that the biggest savings come from a small local company. Some small companies may cover specific market segments cheaper as compared to the big name companies such as Allstate, GEICO and Progressive.
How to find low-cost rates for Acura RDX insurance in Tulsa
If your goal is the lowest price, then the best way to find cheaper Acura RDX insurance is to start comparing prices yearly from different companies that sell auto insurance in Tulsa.
- First, try to learn about how companies set rates and the steps you can take to prevent expensive coverage. Many rating criteria that result in higher rates such as accidents, traffic tickets, and an unacceptable credit score can be improved by improving your driving habits or financial responsibility.
- Second, quote rates from exclusive agents, independent agents, and direct providers. Direct and exclusive agents can only give prices from one company like GEICO or Farmers Insurance, while independent agencies can give you price quotes from multiple companies.
- Third, compare the price quotes to your existing policy and see if there is a cheaper rate in Tulsa. If you find a lower rate quote and make a switch, ensure there is no coverage lapse between policies.
The key thing to remember is to make sure you enter the same deductibles and limits on each quote and and to get price estimates from as many companies as feasibly possible. Doing this provides an apples-to-apples comparison and a complete price analysis.
- Higher speed limits cause more fatalities (Insurance Institute for Highway Safety)
- How Much are Tulsa Car Insurance Quotes for Nurses? (FAQ)
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- What Insurance is Cheapest for a Honda Civic in Tulsa? (FAQ)
- What Car Insurance is Cheapest for High School Students in Tulsa? (FAQ)
- How to Avoid Common Accidents (State Farm)
- What Determines the Price of My Auto Insurance Policy? (Insurance Information Institute)
- Choosing a Car for Your Teen (State Farm)